The prevailing mindset is that when the BTC production limit is reached the price will skyrocket within the hour.
But think about it.

Right now any random person can invest into a mining gear & 'create' btc the moment this 'creation' process ceases to exist the supply of the BTC in the market will dip significantly, yes this is the best point where the price can skyrocket, but due to limited supply traders who already have bitcoins would have a tendency of hoarding the coins rather than selling.

It would be only a matter of time by when the exchanges and indie traders run out of their stocks and the hoarders are left with the big pots. Result : The lack of availability of BTC in the market would reduce it's use and could actually 'pop the price bubble' caused by the supply choke.

The most crucial part which makes BTC viable as a currency and as a store of value is it's daily transactional capacity, the moment the number of transactions reduce would be the moment when BTC itself will start to lose it's importance in the public eye.